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Interim Trade Agreement to Diversify Export Structure, Markets www.montsame.mn
The Interim Trade Agreement between Mongolia, the Eurasian Economic Union (EAEU), and its member states will officially enter into force on July 22 this year.
To formalize the arrangement, Minister of Economy and Development of Mongolia Enkhbayar Jadamba and Member of the Board of the Eurasian Economic Commission in charge of Trade A. A. Slepnev signed the “Joint Statement on the Entry into Force of the Interim Trade Agreement between Mongolia, the Eurasian Economic Union, and its Member States.”
During an online meeting jointly organized by the Ministry of Economy and Development and the Eurasian Economic Commission, the Commission officially handed over to Davaa D., Ambassador Extraordinary and Plenipotentiary of Mongolia to Russia, diplomatic notes confirming that all EAEU member states have ratified the agreement in accordance with their domestic legislation.
The parties also endorsed a “Joint Roadmap for the Implementation of the Interim Trade Agreement between Mongolia, the Eurasian Economic Union, and its Member States,” and expressed their commitment to closely cooperate in ensuring its effective implementation and in strengthening collaboration among relevant institutions, the Ministry of Economy and Development reported.
The agreement is expected to create more favorable conditions for Mongolian export products to enter the EAEU market of over 180 million consumers. It is also significant for reducing trade barriers, improving the business environment, and expanding cooperation in trade, investment, and industrial production. Furthermore, the agreement will enhance Mongolia’s participation in regional economic integration and support the diversification of the country’s export structure and markets.
The online meeting was attended by officials from the Ministry of Economy and Development and the Eurasian Economic Commission, as well as the Ambassador Extraordinary and Plenipotentiary of Mongolia to Russia and the Ambassadors Extraordinary and Plenipotentiary of Russia, Belarus, Kazakhstan, and Kyrgyzstan accredited to Mongolia.
Published Date:2026-05-27
